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A p t f l B e a r t o S e n a t o r d a y i n l o t y o u t h a t c a r e f u l l y t h e b y t h a t i t s I s t i c a p p r o a c h w h i o h t h e h a v e eeoncs^y o f tho d e a l jbara to- c a n ' t i & a h e a a a y e t t o h a d w a s tfee p r o b l e m s a n R e c o r d * m o a t o f X r i m t o a n d i t ® r e a l ~ c o n d i t i o n s f a c e s * h e l p o f ^ o n ^ e r l i i g s o m s &&& t o d a y t a l i o f how t o o r x ^ e t l a ^ r y o u r a i t c o l l e a g u e s , c a p i t a l i s t i c g r & e p t h e p a r a c t i o a l t h e f o l i o s i t u p S e n a t e a t « v o r y anil y o u I e n ixope S b e r l d a n a t u t o s V a s b l n g t o z t , D* B o s m o y , S e n a t e * C* t h i s y o u n a t u r e w a y t o i n i t i a l \ ? i l l o p p o r t u n i t y * S i n c e r e l y j< F r i - s m u t f a v o r a b l y e c o n o m i c c o n g r a t u l a t e i n H o n o r a b l e l a $ t I t h e m * s p e e c h t f o i t e d o p p o r t u n i t y o f m d e r & t i i & a r u n e t i o n a w i t k X b r e a d t h c o u n t r y I o v e r I jms? C o n g r e & a i G & a l feucm p r e s s e d 1 9 3 9 * f D o i m e y t Rare vm& X ? y e m r s , ROBERT F . WAGNER, N. Y., CHAIRMAN JOHN G. TOWNSEND, J R . , DEL. CARTER GLASS, VA. LYNN J . FRAZJER, N. DAK. ALB EN W. BARKLEY, KY. CHARLES W. TOBEY, N. H. JAMES F . BYRNES, S . C . JOHN A. DANAHER, CONN* JOHN H . BANKHEAD, ALA. ROBERT A. TAFT, OHIO ALVA B . ADAMS, COLO. FRANCIS T . MALONEY, CONN. GEORGE L . RADCLIFFE, MD. PRENTISS M . BROWN, MICH. JAMES H. HUGHES, DEL. CLYDE L» HERRING, IOWA WILLIAM H* SMATHERS, N. J . JOHN Ei MILLER, ARK. D. WORTH CLARK, IDAHO SHERIDAN DOWNEY, CALIF. J&cwxU a i C t i t t e d COMMITTEE ON BANKING AND CURRENCY PHILIP LEVY, CLERK April 27, 1939 H o n o r a b l e M a r r i n e r C h a i r m a n , B o a r d F e d e r a l R e s e r v e W a s h i n g t o n , B e a r K r t D* S* of S y s t e m C« E c c l e s s I o f A p r i l k i n d E c c l e © G o v e r n o r s 1 7 t h t h o u g h t s a n d h a v s r d s h c c n t s i n s d t o j u s t t h a n k r e o e d v e d y o u y o u r l a t t e r s i n c e r e l y f o r t h s r e i n * S i n c e r e l y SD:RE SKERIDAM DORSEY t h e